VAT is a good example of which kind of tax ?

Related Mcqs:

1. VAT is a good example of which kind of tax ?

   A. Specific B. Exercise duty C. Direct D. Ad valorem...

2. The property tax wealth tax inheritance tax and income taxes such as persona and corporate taxes are ?

   A. indirect taxes B. direct taxes C. inelastic D. value-added tax...

3. Imagine there is no tax on income up to Rs 1000 after that there is a tax of 505 what is the average tax rate on an income of Rs 20,000 ?

   A. Rs 50000 B. 20% C. 25% D. Rs 10000...

4. If VAT rates rise, then costs are likely to ___ and demand is likely to ____?

   A. rise; rise B. rise; fall C. fall; fall D. fall; rise...

5. Government levy tax on imports and exports What this tax is called ?

   A. Custom B. Exercise Duty C. Tariff D. Freight...

6. Refer to Exhibit 4. If a tax is placed on the product in this market tax revenue paid by the buyers is the area ?

   A. B + C + E + F B. B C. B + C D. A...

7. Refer to Exhibit 4. If a tax is placed on the product in this market tax revenue paid by the sellers is the area ?

   A. C + F B. A C. B D. C...

8. When a tax on a good start small and is gradually increased tax revenue ?

   A. will fall B. will rise C. will first rise and then fall D. will first fall and then rise...

9. If a tax on a good is doubled the deadweight loss from the tax ?

   A. doubles B. stays the same C. increase by a factor of four. D. could rise or fall...

10. When a tax distorts incentives to buyers and sellers so that fewer goods are produced and sold than otherwise the tax has ?

    A. caused a deadweight loss B. decreased equity C. generated no tax revenue D. increased efficiency...